Banking

Financial services sector tops UK growth tables

The UK’s financial industry has grown faster than any other UK business sector over the past ten years, official figures report.

Cheshire Winter Warmer appeal success

Cheshire Building Society, in conjunction with Manchester Evening News, has raised £17,043 through its “Winter Warmer Appeal” during December.

Personal finance should be taught in schools

Research from the Association of Investment Companies (AIC) among parents and teachers has revealed that nine out of ten parents and teachers (93% of both groups) think that personal finance education should be taught at school, and of these, half (50%) think it should be mandatory.

The Impact of the Financial Market Disruption on the UK Economy

In a meeting with the London Chamber of Commerce and Industry, John Gieve – Deputy Governor of the Bank of England – discussed the recent financial market disruption, its impact on the UK economy, and the increase in immediate inflation pressures from energy and food.

Financial Services just got sexier

Two dramatic new film clips have been launched this week that elegantly integrate images of Olympic hopefuls with those of the famous Scottish Widow.

Advisers anticipate a strong market for offshore investments

Results from the ‘Offshore Research’ Report undertaken among Legal & General’s UK adviser base show that investment advisers remain confident that offshore business will hold up despite the threat of a global economic downturn.

Beat the credit crunch by shopping around for financial products

Moneyextra.com’s latest quarterly review of financial services highlights the savings available just by making the right financial decisions.

FSA fines HFC Bank £1.085 million for PPI failings

The Financial Services Authority (FSA) has fined HFC Bank Ltd (HFC) £1,085,000 for failing to take reasonable care to ensure that the advice it gave customers to buy Payment Protection Insurance (PPI) was suitable, and for failing to have adequate systems and controls for the sale of PPI.

Credit crunch making us smarter

The credit crunch is starting to have a positive effect on the loan and card applications and credit ratings of many Brits.

Need for free Generic Financial Advice service

The need for national provision of a Generic Financial Advice (GFA) service has been supported in evidence from a pilot project linking Independent Financial Advisers (IFAs) with Citizens Advice Bureaux across the UK.

Heads I win, tails you lose

David Kuo, Head of Personal Finance at Fool.co.uk, says: “The test case brought by the OFT against seven banks and one building society is supposed to bring an end to the disputes between customers and their banks over penal charges when current-account holders go overdrawn without authorisation.